Carney, Smith sign carbon price deal, suggest fall 2027 pipeline approval

Prime Minister Mark Carney and Alberta Premier Danielle Smith said Friday they’re eyeing a fall 2027 start date for construction of a new bitumen pipeline to the West Coast.

It’s part of a plan to accomplish the remaining steps of the landmark energy deal they signed last fall.

There is to be a new scheme for carbon emissions pricing in Alberta, and a commitment from Carney to declare the pipeline as being in the national interest by October of this year.

Alberta’s effective industrial carbon emission price is to rise to $130 per tonne by 2040. And its headline price would rise to $140 per tonne also by 2040

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